Is Science Applications (NYSE:SAIC) Now a Sell? Wells Fargo Downgrades Stock

May 18, 2018 - By Jimmy Baldridge

Science Applications International Corporation (NYSE:SAIC) Logo

Investors sentiment increased to 0.92 in 2017 Q4. Its up 0.07, from 0.85 in 2017Q3. It improved, as 22 investors sold Science Applications International Corporation shares while 81 reduced holdings. 40 funds opened positions while 55 raised stakes. 25.90 million shares or 1.37% less from 26.26 million shares in 2017Q3 were reported.

Legal & General Group Public Ltd reported 53,955 shares or 0% of all its holdings. Moreover, Homrich & Berg has 0.11% invested in Science Applications International Corporation (NYSE:SAIC). D E Shaw & Incorporated holds 0% or 7,462 shares in its portfolio. Rhumbline Advisers owns 80,998 shares for 0.01% of their portfolio. Thrivent For Lutherans invested 0% in Science Applications International Corporation (NYSE:SAIC). Credit Suisse Ag has 0% invested in Science Applications International Corporation (NYSE:SAIC). Axa owns 12,105 shares. Glg Partners L P accumulated 1,700 shares. Voya Inv Mgmt Ltd Liability Com owns 19,592 shares or 0% of their US portfolio. Ronna Sue Cohen reported 5,757 shares. New York State Common Retirement Fund owns 55,215 shares or 0.01% of their US portfolio. Ls Inv Advsr Ltd Company has 2,798 shares for 0.01% of their portfolio. Boston Family Office Lc accumulated 2,985 shares or 0.03% of the stock. Gsa Capital Prtnrs Ltd Liability Partnership reported 2,892 shares stake. Gam Hldgs Ag, a Switzerland-based fund reported 15,240 shares.

Since April 4, 2018, it had 0 insider purchases, and 1 sale for $6.63 million activity.

Science Applications (NYSE:SAIC) Receives a Downgrade

Just today Science Applications (NYSE:SAIC) has been cut by stock analysts working for Wells Fargo to a solid “Hold” rating. This was announced in a a research report made public on Thursday morning. The firm now has a $87.0000 TP on shares. Wells Fargo’s TP gives a possible upside of 0.94 %.

Science Applications International Corporation (NYSE:SAIC) Ratings Coverage

Among 4 analysts covering Science Applications Intl (NYSE:SAIC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Science Applications Intl has $9000 highest and $73.0 lowest target. $85’s average target is -1.38% below currents $86.19 stock price. Science Applications Intl had 6 analyst reports since December 8, 2017 according to SRatingsIntel. The stock has “Buy” rating by Vertical Research on Friday, December 8. Cowen & Co maintained it with “Hold” rating and $82.0 target in Friday, January 12 report. The company was maintained on Sunday, April 1 by Jefferies. The firm has “Hold” rating given on Monday, January 8 by Jefferies. Jefferies maintained the stock with “Hold” rating in Thursday, December 7 report. Seaport Global maintained Science Applications International Corporation (NYSE:SAIC) on Tuesday, April 3 with “Buy” rating.

The stock decreased 4.34% or $3.91 during the last trading session, reaching $86.19. About 472,489 shares traded or 87.84% up from the average. Science Applications International Corporation (NYSE:SAIC) has declined 13.85% since May 18, 2017 and is downtrending. It has underperformed by 25.40% the S&P500.

Analysts await Science Applications International Corporation (NYSE:SAIC) to report earnings on June, 11. They expect $1.01 EPS, down 6.48 % or $0.07 from last year’s $1.08 per share. SAIC’s profit will be $42.68M for 21.33 P/E if the $1.01 EPS becomes a reality. After $1.16 actual EPS reported by Science Applications International Corporation for the previous quarter, Wall Street now forecasts -12.93 % negative EPS growth.

Science Applications International Corporation provides technical, engineering, and enterprise information technology services primarily in the United States. The company has market cap of $3.64 billion. The companyÂ’s offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customersÂ’ IT infrastructure. It has a 21.44 P/E ratio. It serves the U.S. military comprising Army, Air Force, Navy, Marines, and Coast Guard; the U.S.

More notable recent Science Applications International Corporation (NYSE:SAIC) news were published by: Businesswire.com which released: “SAIC to Participate in National Take Our Daughters and Sons to Work Day” on April 25, 2018, also Businesswire.com with their article: “SAIC Breaks Ground on New Platform Innovation Center in South Carolina” published on May 11, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. More interesting news about Science Applications International Corporation (NYSE:SAIC) were released by: Businesswire.com and their article: “SAIC to Manage NASA’s IT Infrastructure Under New Web Services Support Task Order” published on April 24, 2018 as well as Businesswire.com‘s news article titled: “SAIC to Hold Annual Meeting of Stockholders on June 6” with publication date: May 03, 2018.

Science Applications International Corporation (NYSE:SAIC) Institutional Positions Chart

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